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2015-08-14

Prosafe SE : Three-year contract for Safe Eurus in Brazil

Prosafe has signed a contract with Petrobras Netherlands B.V. (Petrobras) for
the provision of the Safe Eurus semi-submersible vessel for safety and
maintenance support offshore Brazil.

The contract commencing Q1 2017 with a firm period commitment of three years
will be the first for the Safe Eurus, a vessel designed and built to service
the Brazilian market. Safe Eurus will be the second Prosafe vessel under
charter to Petrobras.

The Safe Eurus, a technologically advanced and efficient Dynamically
Positioned (DP3), harsh environment semi-submersible safety and maintenance
support vessel, can accommodate up to 500 persons with extensive recreation
facilities. In addition with a large capacity open deck area and telescopic
gangway, the Safe Eurus will provide Petrobras with 300 tonne lift
capability.

Total value of the contract is approximately USD 164 million.

Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. Operating profit reached USD 248.3 million in 2014 and
net profit was USD 178.8 million. The company operates globally, employs 800
people and is headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo
Stock Exchange with ticker code PRS. For more information, please refer
towww.prosafe.com

Larnaca, 14 August 2015
Georgina Georgiou, General Manager
Prosafe SE

For further information, please contact:

Karl Ronny Klungtvedt, Chief Executive Officer
Prosafe Management AS
Phone: +47 51 64 25 55

Stig H. Christensen, Chief Financial Officer
Prosafe Management AS
Phone: +47 51 64 25 17

Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Prosafe SE via Globenewswire

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